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New Korean engine brand unveiled
Hanwha Ocean, the Korean yard formerly known as Daewoo Shipbuilding & Marine Engineering, has unveiled a new subsidiary, Hanwha Engine,…
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Oldendorff sells three post-panamaxes
As bulker prices are at highs not seen for more than a decade, a pattern is emerging where smaller owners…
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Safe Bulkers offloads two ships in strong secondhand market
New York-listed Safe Bulkers has continued its fleet renewal programme and also taken advantage of firming tonnage prices having agreed…
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TEN books shuttle tanker newbuild in South Korea
Greek owner Tsakos Energy Navigation (TEN) has returned to Samsung Heavy Industries for more shuttle tankers. Shipbuilding sources have listed…
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UK extends oil and gas windfall tax until 2029
The government of the UK has decided to extend the windfall tax on oil and gas firms by an additional…
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Larsen & Toubro bags ONGC order for offshore project
The hydrocarbon business of Indian engineering conglomerate Larsen & Toubro (L&T) has secured an order from compatriot state-owned Oil &…
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UK government supports offshore wind auction with $1bn
The UK government has announced over £1bn ($1.27bn) in support of the upcoming renewables tender, with the largest slice of…
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Cadeler adds to green finance firepower
BW Group and Scorpio-backed offshore wind installation player Cadeler has secured additional capital by upsizing its HSBC green loan. Last…
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Perdana Petroleum wins multiple vessel contracts
Malaysian OSV operator Perdana Petroleum has secured work for five vessels from Petronas Carigali worth in total of around $14.4m.…
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First casualties feared in Red Sea shipping crisis as crew abandon missile-struck bulker
The Barbados-flagged, 50,448 dwt bulker was damaged in a missile attack off Yemen with several crew members missing. According to…
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Economou takes Seanergy boss Tsantanis to court
Greek shipowner George Economou has filed a lawsuit in the Marshall Islands against fellow capesize specialist Seanergy Maritime, its supremo…
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MOL and Allianz take Volkswagen to court over sinking of Felicity Ace car carrier
The shipowner of the Felicity Ace and its insurer have filed separate lawsuits in Germany against Volkswagen over the blaze…
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Tough week for MSC’s vintage fleet
It’s been a tough week for the safety department at the world’s largest containerline, with three of its 20th century-built…
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Non-alliance liners double market share on Asia-Europe over the past year
The market share of non-alliance liners operating in the Asia-Europe tradelane has doubled in the space of one year. New…
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Genco rejects Economou’s board nominees
US-listed bulker owner Genco Shipping & Trading has rejected Greek shipowner George Economou’s two nominees to its board, saying that…
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RightShip adds sanctions data to platform
Ship vetting platform RightShip is giving subscribers a much needed insight into sanctioned companies and ships. RightShip is integrating London…
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CMA CGM drops Wincanton pursuit
French carrier CMA CGM has decided to drop its bid for British logistics firm Wincanton amid a rival takeover bid.…
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Ramboll to assist with Adriatic Sea renewable energy hub development
Italian development company Agnes has appointed Denmark’s Ramboll to deliver advisory and technical support for the Agnes Romagna Energy Hub…
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MOL charters cargo transfer vessel, enters newbuild negotiations with Petrobras
SeaLoading Holding, a Mitsui O.S.K. Lines (MOL) subsidiary owning and operating cargo transfer vessels (CTVs), has signed a charter contract…
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Inpex taps Fugro for Abadi LNG marine survey deal
Japanese oil and gas major Inpex has awarded Fugro a marine survey contract for the Abadi liquefied natural gas (LNG)…
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